1 00:00:00,080 --> 00:00:02,880 Speaker 1: Welcome to had of Money. I'm Joel, I'm Matt. 2 00:00:03,040 --> 00:00:07,520 Speaker 2: Today we're talking about federal layoffs, renting roosters, and vou 3 00:00:08,039 --> 00:00:08,520 Speaker 2: for the wind. 4 00:00:27,720 --> 00:00:29,800 Speaker 1: That's right, buddy, this is our Friday flight, and we're 5 00:00:29,800 --> 00:00:32,800 Speaker 1: going to talk about the pressing headlines, specifically how they 6 00:00:32,800 --> 00:00:36,200 Speaker 1: impact your money. We hope everyone has been staying warm 7 00:00:36,240 --> 00:00:39,600 Speaker 1: out there, like Joel has with his brand new pop 8 00:00:39,680 --> 00:00:40,800 Speaker 1: up sna. That's right. 9 00:00:41,680 --> 00:00:45,520 Speaker 2: Yeah, another polar vortex encompassing most of the nation, which 10 00:00:45,560 --> 00:00:48,199 Speaker 2: just means it's cold. I can't imagine being in Minnesota, 11 00:00:48,280 --> 00:00:49,919 Speaker 2: to be honest with you. I know we have listeners there, 12 00:00:49,960 --> 00:00:50,320 Speaker 2: but I've. 13 00:00:50,200 --> 00:00:52,519 Speaker 1: Heard folks talking about just how brute well just the 14 00:00:52,560 --> 00:00:56,040 Speaker 1: Midwest generally speaking, like temperatures and the negative How do 15 00:00:56,080 --> 00:00:56,480 Speaker 1: they deal with it? 16 00:00:56,720 --> 00:00:58,800 Speaker 2: How was it like negative fifty in some parts of the country. 17 00:00:58,880 --> 00:01:01,200 Speaker 1: It's insane, But you haven't had a deal with that. No, 18 00:01:01,680 --> 00:01:04,320 Speaker 1: I to talk about how glorious it is to bask 19 00:01:04,400 --> 00:01:07,039 Speaker 1: in the wet warmth of your pop up. So I 20 00:01:07,040 --> 00:01:09,640 Speaker 1: will say this, I wish it were dry warmth because 21 00:01:09,640 --> 00:01:11,920 Speaker 1: this is a steam sauna that I got from Costco. 22 00:01:12,680 --> 00:01:14,440 Speaker 2: They finally got in stock. I think I mentioned I 23 00:01:14,520 --> 00:01:16,759 Speaker 2: wanted one, but they didn't have it in stock while 24 00:01:16,800 --> 00:01:18,800 Speaker 2: it was on sale, so I had to pay full price. 25 00:01:18,920 --> 00:01:21,800 Speaker 2: But then I reached out to Costco on little chat 26 00:01:21,800 --> 00:01:23,360 Speaker 2: feature and I was like, you guys are at a 27 00:01:23,360 --> 00:01:24,920 Speaker 2: stock when it was on sale, any chance you give 28 00:01:24,959 --> 00:01:26,600 Speaker 2: me the sale price and they. 29 00:01:26,440 --> 00:01:28,759 Speaker 1: Did so one hundred and twenty bucks. 30 00:01:28,800 --> 00:01:31,600 Speaker 2: So you go for this portable steam sauna that is 31 00:01:32,120 --> 00:01:35,600 Speaker 2: currently sitting in my bedroom. I love it and I've 32 00:01:35,680 --> 00:01:37,760 Speaker 2: used it literally every night since I've gotten it, and 33 00:01:37,760 --> 00:01:39,760 Speaker 2: I love it. It's been it's been really fun. So 34 00:01:41,040 --> 00:01:42,959 Speaker 2: it makes you feel nice and toasty in the winter, 35 00:01:43,160 --> 00:01:47,199 Speaker 2: but also there's supposed health benefits that my Norwegian ancestors 36 00:01:47,600 --> 00:01:49,520 Speaker 2: have experienced that I now get to experience exactly. 37 00:01:49,560 --> 00:01:52,280 Speaker 1: I love it that, like that's eventually I want you 38 00:01:52,320 --> 00:01:55,120 Speaker 1: to have a full on, full blown, legit wooden sauna 39 00:01:55,160 --> 00:01:57,560 Speaker 1: because of like your it's in your bones, man, it's 40 00:01:57,560 --> 00:01:59,760 Speaker 1: in your blood. Right. It's like if I didn't eat kimchi, 41 00:02:00,000 --> 00:02:01,880 Speaker 1: you know, like like that'd be weird for me to 42 00:02:01,920 --> 00:02:04,480 Speaker 1: not do that, but indeed we do. We encourage the 43 00:02:05,400 --> 00:02:07,600 Speaker 1: kids do it. You got to lean into that. Yeah, yeah, yeah, 44 00:02:07,880 --> 00:02:11,440 Speaker 1: that's a part of your story. It's funny so Ryan Ski, 45 00:02:11,880 --> 00:02:13,800 Speaker 1: that's what I'm gonna call him, but friend of the show. 46 00:02:14,040 --> 00:02:18,200 Speaker 1: He emailed and was worried about the humidity levels in 47 00:02:18,280 --> 00:02:19,919 Speaker 1: your bedroom because that's where you have it. You don't 48 00:02:19,919 --> 00:02:21,880 Speaker 1: have it like in the bathroom with a fan. Al yeah, No, 49 00:02:21,919 --> 00:02:24,359 Speaker 1: it's very contained to the pod. The only thing is 50 00:02:24,560 --> 00:02:26,800 Speaker 1: like and even if you open it up in the winter, 51 00:02:27,240 --> 00:02:29,639 Speaker 1: I think I would welcome again. I would welcome the humidity. 52 00:02:30,000 --> 00:02:31,880 Speaker 1: You know, when the temperatures are colder, like, the air 53 00:02:31,919 --> 00:02:34,320 Speaker 1: has less of an ability. I think a lot about humidity, 54 00:02:34,480 --> 00:02:36,120 Speaker 1: I think more so than the average person. You do. 55 00:02:36,639 --> 00:02:39,239 Speaker 1: But the ability to add that moisture back to the 56 00:02:39,280 --> 00:02:41,440 Speaker 1: air in the winter, that's great. Yes, in the summer 57 00:02:41,720 --> 00:02:43,720 Speaker 1: maybe it might be problematic, and I would move it 58 00:02:43,840 --> 00:02:45,160 Speaker 1: to like the garage or something like that. 59 00:02:45,200 --> 00:02:47,040 Speaker 2: We have a sunroom and I'm planning on singing it 60 00:02:47,040 --> 00:02:51,160 Speaker 2: in the sunroom. O. The kids toys and accouterments have 61 00:02:51,240 --> 00:02:52,840 Speaker 2: gotten a little out of control in there, so I'm 62 00:02:52,840 --> 00:02:53,959 Speaker 2: gonna go in there. I'm just kind of purge a 63 00:02:53,960 --> 00:02:55,720 Speaker 2: bunch of stuff so that I can put my sona 64 00:02:55,720 --> 00:02:56,639 Speaker 2: in there and eventually this. 65 00:02:56,600 --> 00:02:58,040 Speaker 1: Is Daddy's health zone. That's right. 66 00:02:58,320 --> 00:03:00,520 Speaker 2: I do think eventually I would like to get a 67 00:03:00,520 --> 00:03:02,920 Speaker 2: full fledged Could you fit the. 68 00:03:03,080 --> 00:03:05,600 Speaker 1: Full on, full size sauna in that sun room as well? 69 00:03:05,600 --> 00:03:07,120 Speaker 1: For sure? Could you really make that like your own 70 00:03:07,160 --> 00:03:07,560 Speaker 1: little person. 71 00:03:07,840 --> 00:03:10,040 Speaker 2: There's plenty of space in that center Daddy spa for 72 00:03:10,120 --> 00:03:12,000 Speaker 2: me and for the kids, like, we can share that 73 00:03:12,120 --> 00:03:14,480 Speaker 2: territory as long as they don't encroach on my sauna. 74 00:03:14,560 --> 00:03:17,120 Speaker 2: So maybe if I keep using it, keep loving it, 75 00:03:17,160 --> 00:03:19,880 Speaker 2: and I want a dry sauna and something that's less 76 00:03:21,000 --> 00:03:23,560 Speaker 2: more full fledged. Wy don't you like the wet song Well, 77 00:03:23,560 --> 00:03:26,320 Speaker 2: so it doesn't get it doesn't get as hot and 78 00:03:26,360 --> 00:03:30,960 Speaker 2: you get super duper wet just because wet sauna. Yeah, yeah, 79 00:03:31,000 --> 00:03:32,600 Speaker 2: so I think I would just prefer to dry one. 80 00:03:32,639 --> 00:03:36,760 Speaker 1: But Kayla saying, hey, guys, can we just stop calling it? 81 00:03:36,840 --> 00:03:38,880 Speaker 1: She was like, you know, when you get dried mango, 82 00:03:38,920 --> 00:03:41,000 Speaker 1: you call it dried mango, but regular mango you just 83 00:03:41,040 --> 00:03:43,920 Speaker 1: called mango. We're not calling it wet mango. She's like, 84 00:03:43,920 --> 00:03:45,600 Speaker 1: can we stop calling it? The wet son does sound 85 00:03:45,640 --> 00:03:48,400 Speaker 1: a little dirty. The wet sauna is the anomaly that, 86 00:03:48,680 --> 00:03:50,800 Speaker 1: like a regular sauna is the dry saunas. 87 00:03:51,600 --> 00:03:54,320 Speaker 2: Now I'm getting fed ads for different saunas, and apparently 88 00:03:54,320 --> 00:03:58,880 Speaker 2: there's a sua somebody has lost so interesting and that 89 00:03:58,920 --> 00:04:01,480 Speaker 2: can get up to higher tempts. Obviously, so the team 90 00:04:01,520 --> 00:04:03,320 Speaker 2: sign I think max is at like one p fifteen, 91 00:04:03,440 --> 00:04:05,120 Speaker 2: but even that it doesn't really get up that hot. 92 00:04:05,160 --> 00:04:06,960 Speaker 1: But the idea though, is that you don't have to 93 00:04:07,000 --> 00:04:10,000 Speaker 1: get as hot with a wet saun it because moisture 94 00:04:10,200 --> 00:04:13,480 Speaker 1: wetness conducts heat a little more effectively. And it's the 95 00:04:13,600 --> 00:04:17,000 Speaker 1: essence of beauty, the essence of witness. I know you're gonna. 96 00:04:17,360 --> 00:04:18,720 Speaker 1: I thought you might be. That's all I was thinking 97 00:04:18,760 --> 00:04:20,720 Speaker 1: about as you were saying. That was Zoolander, which we're 98 00:04:20,720 --> 00:04:22,320 Speaker 1: not totally sure if it holds up. I want to 99 00:04:22,360 --> 00:04:25,040 Speaker 1: go back and rewatch. We will see. I think it does. 100 00:04:25,120 --> 00:04:27,120 Speaker 1: Let's keep moving there. Let's talk about the real estate 101 00:04:27,120 --> 00:04:31,320 Speaker 1: market because it's been calming down as of late. Fewer buyers, 102 00:04:31,360 --> 00:04:35,640 Speaker 1: of course equals more listings, longer listing times, and prices 103 00:04:35,680 --> 00:04:37,919 Speaker 1: being tremmed back a little bit. We're even seeing some 104 00:04:38,000 --> 00:04:40,080 Speaker 1: homes linger so long that they get taken off the 105 00:04:40,120 --> 00:04:43,520 Speaker 1: market completely. There's been a sixty four percent increase on 106 00:04:43,640 --> 00:04:46,680 Speaker 1: listings that are getting pulled year over year, basically pretty incredible. 107 00:04:46,680 --> 00:04:48,960 Speaker 2: The seller says screw it. If I can't get the 108 00:04:48,960 --> 00:04:49,960 Speaker 2: price I want, I'm not. 109 00:04:49,960 --> 00:04:52,120 Speaker 1: Going to sell well. And I yeah, and I've said 110 00:04:52,120 --> 00:04:54,000 Speaker 1: this before. I think a lot of folks are reconsidering. 111 00:04:54,080 --> 00:04:56,440 Speaker 1: They're like, you know what, our home actually isn't not 112 00:04:56,480 --> 00:04:58,720 Speaker 1: that bad, and time stamp it. I still think we're 113 00:04:58,720 --> 00:05:01,599 Speaker 1: going to see a boom in and renovations because of 114 00:05:01,640 --> 00:05:05,440 Speaker 1: the cost of lending has gone up so dramatically. Folks 115 00:05:05,520 --> 00:05:07,559 Speaker 1: have been saving up some money and they're just waiting 116 00:05:07,600 --> 00:05:09,760 Speaker 1: on the right house to come along. And they're saying, well, 117 00:05:09,880 --> 00:05:12,080 Speaker 1: the right house isn't coming along. We've got the cash 118 00:05:12,120 --> 00:05:14,120 Speaker 1: on hand. So what do they do, Well, maybe they 119 00:05:14,160 --> 00:05:15,800 Speaker 1: move some walls, Maybe they add on a little bit, 120 00:05:15,839 --> 00:05:18,640 Speaker 1: make some renovations to allow their house to work a 121 00:05:18,640 --> 00:05:20,920 Speaker 1: little bit more for them. I think that that's likely. 122 00:05:21,200 --> 00:05:24,280 Speaker 1: But demand is just waning as fewer buyers are willing 123 00:05:24,320 --> 00:05:28,240 Speaker 1: to pay these astronomically high asking prices. Housing Wire they 124 00:05:28,240 --> 00:05:31,360 Speaker 1: actually suggest that housing prices could actually go down on 125 00:05:31,440 --> 00:05:34,200 Speaker 1: average across the US this year in twenty twenty five, 126 00:05:34,279 --> 00:05:36,680 Speaker 1: which would be incredibly rare to see something like that, 127 00:05:36,960 --> 00:05:38,960 Speaker 1: And of course we don't know if that's going to 128 00:05:39,000 --> 00:05:42,240 Speaker 1: come to pass, but there's certainly more price flexibility in 129 00:05:42,320 --> 00:05:44,440 Speaker 1: the market right now. I think that's the biggest takeaway. 130 00:05:44,920 --> 00:05:48,159 Speaker 1: Buyers just have the ability to ask for discounts or 131 00:05:48,200 --> 00:05:50,960 Speaker 1: to ask for repairs that they couldn't have asked for 132 00:05:51,200 --> 00:05:53,520 Speaker 1: a couple of years ago, and of course want to 133 00:05:53,520 --> 00:05:56,280 Speaker 1: be home buyers. We would recommend that you keep saving up, 134 00:05:56,360 --> 00:06:01,520 Speaker 1: keep looking, be patient. Eventually, as interest rates come down 135 00:06:01,560 --> 00:06:03,520 Speaker 1: a little bit, I think. I mean, that's the sand 136 00:06:03,560 --> 00:06:05,400 Speaker 1: that's being thrown into the gears of the housing market 137 00:06:05,440 --> 00:06:08,240 Speaker 1: right it's high interest rates. Folks are unwilling to give 138 00:06:08,400 --> 00:06:10,440 Speaker 1: up these nice slow mortgages. 139 00:06:10,520 --> 00:06:12,760 Speaker 2: But all those yeah that they've got all those predictions 140 00:06:12,839 --> 00:06:16,360 Speaker 2: about mortgage rates coming down, and hey, guess what date 141 00:06:16,400 --> 00:06:18,600 Speaker 2: the rate marry the home. That hasn't proved out to 142 00:06:18,640 --> 00:06:20,760 Speaker 2: be true either. And that's why we called it at 143 00:06:20,760 --> 00:06:23,080 Speaker 2: the time, Matt. We said, anybody who's telling you that, 144 00:06:23,480 --> 00:06:25,479 Speaker 2: take it with a grain of salt, because the truth 145 00:06:25,560 --> 00:06:27,000 Speaker 2: is rates might not come down. 146 00:06:27,120 --> 00:06:28,880 Speaker 1: You don't know, this could just be the new normal. 147 00:06:29,000 --> 00:06:31,240 Speaker 2: Yeah, three percent rates for the anomaly. I think this 148 00:06:31,320 --> 00:06:33,400 Speaker 2: is closer to the new normal. Will they come down 149 00:06:33,440 --> 00:06:35,520 Speaker 2: into the five and a half six percent range, I 150 00:06:35,520 --> 00:06:37,599 Speaker 2: don't know. Well, that remains to be seen. That would 151 00:06:37,600 --> 00:06:39,800 Speaker 2: increase the gears I think of the housing market though 152 00:06:39,800 --> 00:06:43,159 Speaker 2: totally kind of creating more matches between buyers and sellers. 153 00:06:43,160 --> 00:06:45,120 Speaker 2: Whar is right now, there's not a lot of that. 154 00:06:45,400 --> 00:06:47,360 Speaker 2: And we would suggest too to consider buying a home 155 00:06:47,600 --> 00:06:51,960 Speaker 2: that doesn't come with an HOA because you and I 156 00:06:51,960 --> 00:06:53,320 Speaker 2: we've always kind of been against. 157 00:06:53,000 --> 00:06:56,320 Speaker 1: Them defund the ha that's the T shirt. 158 00:06:56,560 --> 00:06:59,800 Speaker 2: I always keep getting fed well and you particularly, I 159 00:06:59,839 --> 00:07:02,400 Speaker 2: mean you like to do your own random stuff in 160 00:07:02,400 --> 00:07:04,320 Speaker 2: the garden or if you want a hot pink door, 161 00:07:04,440 --> 00:07:05,120 Speaker 2: You're gonna do it. 162 00:07:05,160 --> 00:07:07,080 Speaker 1: No one's going to tell you otherwise, exactly, you're your 163 00:07:07,080 --> 00:07:10,840 Speaker 1: own man. Well. Autonomy, yeah, independence, freedom. 164 00:07:10,520 --> 00:07:13,320 Speaker 2: On top of being able to choose whatever color door 165 00:07:13,360 --> 00:07:17,280 Speaker 2: you like. Hoafees have risen significantly in recent years, and 166 00:07:17,400 --> 00:07:20,680 Speaker 2: more new homes are being built inside of HOA communities. 167 00:07:21,200 --> 00:07:24,400 Speaker 2: More than two in five homes now come with ties 168 00:07:24,440 --> 00:07:27,800 Speaker 2: to a homeowners association and then that attached monthly fee. 169 00:07:27,920 --> 00:07:30,440 Speaker 2: The median monthly fee is one hundred and twenty five bucks. 170 00:07:30,560 --> 00:07:32,960 Speaker 2: That doesn't sound horrendous, right, especially if it means I 171 00:07:33,080 --> 00:07:35,680 Speaker 2: got the tennis courts in the pool. So I don't know, 172 00:07:35,680 --> 00:07:39,480 Speaker 2: maybe that's maybe that's worth the expense. Well, I would 173 00:07:39,480 --> 00:07:42,760 Speaker 2: also say this, though hoafees could go up significantly at 174 00:07:42,800 --> 00:07:46,000 Speaker 2: any time special assessments. This does not take into account 175 00:07:46,160 --> 00:07:49,560 Speaker 2: special assessments that could come in that could cost everyone 176 00:07:49,600 --> 00:07:51,520 Speaker 2: thousands of dollars who lives in that community map. This 177 00:07:51,560 --> 00:07:55,360 Speaker 2: is ros It's typically true for condo communities in particular. 178 00:07:55,400 --> 00:07:57,720 Speaker 2: So my mother in law's experienced this. One of my 179 00:07:57,720 --> 00:08:01,480 Speaker 2: good friends has experienced this in two different states where 180 00:08:01,640 --> 00:08:03,160 Speaker 2: oh yeah, we got to lay it's going to cost 181 00:08:03,200 --> 00:08:05,160 Speaker 2: everyone like forty five hundred bucks because we got to 182 00:08:05,200 --> 00:08:07,800 Speaker 2: do this to make sure the condo stays up to snuff. 183 00:08:08,240 --> 00:08:11,800 Speaker 2: So word to the wise, if you do OPTOBI in 184 00:08:11,840 --> 00:08:14,840 Speaker 2: a neighborhood with an HOA, take a look at the 185 00:08:15,000 --> 00:08:17,920 Speaker 2: reserve studies. Right, the HOA should have a well funded 186 00:08:17,960 --> 00:08:20,880 Speaker 2: account to cover not only routine maintenance, but also to 187 00:08:20,920 --> 00:08:27,400 Speaker 2: be prepared for unexpected expenses. If the HOAFE looks artificially low, 188 00:08:27,680 --> 00:08:30,080 Speaker 2: they might not be charging enough and you might be 189 00:08:30,440 --> 00:08:32,240 Speaker 2: on the hook for a special assessment in the coming 190 00:08:32,280 --> 00:08:34,679 Speaker 2: months after making that purchase, and if you haven't planned 191 00:08:34,679 --> 00:08:36,360 Speaker 2: ahead for that, it could be kind of jarring. 192 00:08:36,679 --> 00:08:40,520 Speaker 1: That's right, Joel let's talk about jobs in the labor market. 193 00:08:40,640 --> 00:08:43,440 Speaker 1: We're seeing more stories about federal workers being laid off. 194 00:08:43,679 --> 00:08:46,280 Speaker 1: In addition to that, we're hearing from more listeners who, 195 00:08:46,360 --> 00:08:48,760 Speaker 1: you know, they've got questions about their personal finances in 196 00:08:48,840 --> 00:08:51,679 Speaker 1: the aftermath of the layoff as well, tough females to 197 00:08:51,720 --> 00:08:54,640 Speaker 1: get Yeah, and you know, we're trying, let's try not 198 00:08:54,720 --> 00:08:56,079 Speaker 1: to get political, like we try to do here on 199 00:08:56,080 --> 00:08:58,800 Speaker 1: the show. We try to stay a bit independent. But 200 00:08:58,920 --> 00:09:02,199 Speaker 1: everyone's got different opinion about Doge. I'm guessing the average 201 00:09:02,240 --> 00:09:04,760 Speaker 1: person believes there's certainly waste in the government that should 202 00:09:04,760 --> 00:09:07,040 Speaker 1: be trimmed. But I think a lot of ugs probably 203 00:09:07,480 --> 00:09:10,120 Speaker 1: are thinking that dough is maybe moving a bit too fast, 204 00:09:10,559 --> 00:09:13,840 Speaker 1: breaking things with people's livelihoods on the line, and with 205 00:09:14,000 --> 00:09:17,760 Speaker 1: zero desired to actually address the major spenders, the big 206 00:09:17,760 --> 00:09:21,400 Speaker 1: elephants in the room, like Social Security and medicare How 207 00:09:21,480 --> 00:09:23,959 Speaker 1: much do we actually stand to save when we are 208 00:09:23,960 --> 00:09:25,679 Speaker 1: making some of these cuts, it feels like we're just 209 00:09:25,800 --> 00:09:28,400 Speaker 1: trimming around the edges versus some of these Again, these 210 00:09:28,480 --> 00:09:31,640 Speaker 1: larger elephants that need to be addressed, and many federal 211 00:09:31,640 --> 00:09:34,920 Speaker 1: employees that actually opted to take that generous buyout that 212 00:09:35,040 --> 00:09:37,040 Speaker 1: was that offer to quit earlier this month and get 213 00:09:37,040 --> 00:09:40,480 Speaker 1: paid for the next eight months, which again, that's pretty sweet, 214 00:09:40,520 --> 00:09:41,839 Speaker 1: pretty generous severance right there. 215 00:09:41,840 --> 00:09:43,760 Speaker 2: If you're like, yeah, I was thinking about retiring anyway, 216 00:09:43,840 --> 00:09:47,439 Speaker 2: or actually you thinking about switching careers or something like that, 217 00:09:47,440 --> 00:09:50,320 Speaker 2: that could be like the perfect opportunity to say, oh thanks, 218 00:09:50,360 --> 00:09:50,760 Speaker 2: peace out. 219 00:09:50,800 --> 00:09:52,680 Speaker 1: Totally kind of felt like the move that you would 220 00:09:52,720 --> 00:09:55,280 Speaker 1: see some of the better businesses out there that they 221 00:09:55,320 --> 00:09:58,160 Speaker 1: would take. Others though, are getting let go with essentially 222 00:09:58,200 --> 00:10:01,719 Speaker 1: no warning. And that's particular true for new hires out there, 223 00:10:01,760 --> 00:10:04,040 Speaker 1: who are, of course, you know, easier to get rid of. 224 00:10:04,760 --> 00:10:08,120 Speaker 1: So the Department of Veterans Affairs, the VA, the CDC, 225 00:10:08,360 --> 00:10:12,080 Speaker 1: Department of Education, National Parks even and many more, honestly 226 00:10:12,120 --> 00:10:13,760 Speaker 1: in addition to that, are likely going to be in 227 00:10:13,840 --> 00:10:16,960 Speaker 1: the sights of DOGE, but they have seen substantial workforce 228 00:10:17,200 --> 00:10:19,640 Speaker 1: cuts in our hearts. They go out to you if 229 00:10:19,720 --> 00:10:21,839 Speaker 1: you've lost your job, if you are even if you're 230 00:10:21,920 --> 00:10:24,240 Speaker 1: kind of, you know, a little fearful that you will, 231 00:10:24,280 --> 00:10:26,760 Speaker 1: if you're like, you know what, this isn't typically the 232 00:10:26,840 --> 00:10:29,959 Speaker 1: kind of agency or department that gives a whole lot 233 00:10:29,960 --> 00:10:33,600 Speaker 1: of love from the GOP. I totally get it. It's 234 00:10:33,640 --> 00:10:34,079 Speaker 1: a bummer. 235 00:10:34,120 --> 00:10:36,560 Speaker 2: And if you're a newer employee, there's even more cost 236 00:10:36,640 --> 00:10:39,480 Speaker 2: for fear, because, yeah, if you haven't been around as long, 237 00:10:39,600 --> 00:10:42,199 Speaker 2: then there's a greater likelihood that you'll be asked. I 238 00:10:42,240 --> 00:10:44,840 Speaker 2: don't know, Matt, I've seen some of the park ranger posts. 239 00:10:44,840 --> 00:10:46,199 Speaker 2: I don't know if you've seen some of those floating 240 00:10:46,240 --> 00:10:48,840 Speaker 2: around social media, and it's just tough to see. Like 241 00:10:49,280 --> 00:10:51,800 Speaker 2: some of these park rangers, it's like their dream job, 242 00:10:52,000 --> 00:10:55,439 Speaker 2: right and they they're posting pictures of them out in 243 00:10:55,480 --> 00:10:58,480 Speaker 2: the wilderness in their uniform and I don't know, I 244 00:10:58,520 --> 00:11:00,360 Speaker 2: just have a soft spot for the National park system. 245 00:11:00,360 --> 00:11:03,080 Speaker 2: I know you do too, So those love the national parts. Yeah, 246 00:11:03,120 --> 00:11:06,440 Speaker 2: so seeing those park rangers lose their dream job, that's 247 00:11:06,520 --> 00:11:08,840 Speaker 2: tough to watch. But yeah, if you're a federal employee 248 00:11:08,880 --> 00:11:11,199 Speaker 2: with fewer than two years of service, in particular, pay 249 00:11:11,240 --> 00:11:14,960 Speaker 2: attention to your emergency fund. This is something that everyone 250 00:11:15,160 --> 00:11:17,160 Speaker 2: should do because you just never know what's on the 251 00:11:17,160 --> 00:11:19,400 Speaker 2: horizon as an individual, but in particular, if you're a 252 00:11:19,440 --> 00:11:21,839 Speaker 2: federal employee right now, I think make sure to have 253 00:11:22,320 --> 00:11:25,280 Speaker 2: a bare bones budget prepared and be willing to implement 254 00:11:25,320 --> 00:11:27,760 Speaker 2: it if you need to. Also, if you do get 255 00:11:27,800 --> 00:11:31,640 Speaker 2: laid off, apply for state unemployment benefits as soon as possible. 256 00:11:32,080 --> 00:11:35,200 Speaker 2: And then and I know this tumultuous time, but start 257 00:11:35,240 --> 00:11:39,280 Speaker 2: brainstorming about where other potential opportunities might be out there 258 00:11:39,280 --> 00:11:42,040 Speaker 2: for you. Don't be afraid to tap your network to 259 00:11:42,120 --> 00:11:45,280 Speaker 2: let your contacts know that you're looking for work and 260 00:11:45,760 --> 00:11:48,439 Speaker 2: getting laid off. I think Matt it typically we experienced 261 00:11:48,440 --> 00:11:49,920 Speaker 2: this when I was a kid in our house. It 262 00:11:49,960 --> 00:11:53,040 Speaker 2: takes an emotional, a financial, and a relational toll, and 263 00:11:53,080 --> 00:11:54,960 Speaker 2: so it's kind of maybe even hard. It feels like 264 00:11:55,000 --> 00:11:56,760 Speaker 2: you got blindsided. How am I going to go out 265 00:11:56,760 --> 00:11:58,280 Speaker 2: there and look for work when I'm kind of reeling 266 00:11:58,320 --> 00:12:00,840 Speaker 2: from getting laid off. Sure, you know that's a tough 267 00:12:00,920 --> 00:12:03,120 Speaker 2: thing to go through, but you know, one of the 268 00:12:03,120 --> 00:12:04,679 Speaker 2: main goals of this show isn't just to help you 269 00:12:04,720 --> 00:12:07,880 Speaker 2: build wealth. It's to help you be financially resilient, and 270 00:12:07,920 --> 00:12:11,520 Speaker 2: that resilience it might be more necessary for some the 271 00:12:11,559 --> 00:12:13,200 Speaker 2: hed of money listeners out there in the coming weeks 272 00:12:13,200 --> 00:12:15,680 Speaker 2: and months. Totally, if you have a question about that, 273 00:12:15,679 --> 00:12:17,000 Speaker 2: By the way, I do send us a question. If 274 00:12:17,040 --> 00:12:18,920 Speaker 2: you're going through something right now and you're like, I 275 00:12:18,960 --> 00:12:21,880 Speaker 2: don't know how to navigate this particular hurdle in my 276 00:12:21,960 --> 00:12:25,520 Speaker 2: life after a job loss or as I'm nervous about 277 00:12:25,559 --> 00:12:28,160 Speaker 2: a job loss. Do please send your voice mumble questions 278 00:12:28,160 --> 00:12:30,240 Speaker 2: in and we'll hope to take that on upcoming episode. 279 00:12:30,400 --> 00:12:32,839 Speaker 1: Yeah, we will do our part. Let's such gears and 280 00:12:32,960 --> 00:12:36,920 Speaker 1: talk about consumer electronics stroll because, in an attempt to 281 00:12:37,080 --> 00:12:40,680 Speaker 1: revive sluggish sales and to appeal to a different segment 282 00:12:40,679 --> 00:12:43,440 Speaker 1: of the market, Apple announced a new iPhone this week, 283 00:12:43,520 --> 00:12:47,920 Speaker 1: the sixteen E. This replaces the the iPhone se. I 284 00:12:47,920 --> 00:12:50,079 Speaker 1: guess they didn't like called it this so you need 285 00:12:50,120 --> 00:12:52,679 Speaker 1: the SE stood for special Edition, did you know that? 286 00:12:52,760 --> 00:12:54,520 Speaker 2: Which it doesn't seem all that special. 287 00:12:54,559 --> 00:12:56,600 Speaker 1: If it's like the cheapest thing you have on offer, 288 00:12:56,720 --> 00:12:59,000 Speaker 1: it's like, oh, I wasn't looking for like that kind 289 00:12:59,000 --> 00:13:01,760 Speaker 1: of special, like that condescending kind of special. I feel 290 00:13:01,760 --> 00:13:07,080 Speaker 1: like maybe it was taking more. Especially exactly, it's cheaper 291 00:13:07,080 --> 00:13:09,560 Speaker 1: than all of their other models, so that's the good news. 292 00:13:09,559 --> 00:13:11,439 Speaker 1: It's got a price point there at five hundred and 293 00:13:11,480 --> 00:13:14,840 Speaker 1: ninety nine dollars, it's a full two hundred dollars less 294 00:13:15,200 --> 00:13:18,720 Speaker 1: than the regular iPhone sixteen. But sadly it's not as 295 00:13:19,080 --> 00:13:21,720 Speaker 1: cheap or I should say, as affordable as the iPhone 296 00:13:21,840 --> 00:13:25,600 Speaker 1: SE models that are essentially the predecessor to this new model, 297 00:13:25,880 --> 00:13:30,320 Speaker 1: because those they're closer to four hundred dollars. Although you 298 00:13:30,320 --> 00:13:32,520 Speaker 1: know this one comes with some upgrades, right, it's got 299 00:13:33,200 --> 00:13:35,600 Speaker 1: like it acts, it feels a bit more like Apple's 300 00:13:35,760 --> 00:13:38,760 Speaker 1: normal or higher end phones. You're going to have access 301 00:13:38,760 --> 00:13:43,240 Speaker 1: to Apple's newest AI intelligence tools, whatever that ends up meaning. 302 00:13:43,400 --> 00:13:44,920 Speaker 1: But I think this could still be a great don't 303 00:13:44,960 --> 00:13:45,599 Speaker 1: care less about that. 304 00:13:45,920 --> 00:13:48,000 Speaker 2: Yeah, it's it's just kind of running away from AI 305 00:13:48,040 --> 00:13:49,000 Speaker 2: as actively as possible. 306 00:13:49,000 --> 00:13:52,760 Speaker 1: It seems like such an overhyped rallying cry. I don't know, Like, 307 00:13:52,760 --> 00:13:54,959 Speaker 1: I know it's going to change our lives to a 308 00:13:55,000 --> 00:13:57,040 Speaker 1: certain extent, but the just I guess I don't like 309 00:13:57,080 --> 00:13:59,600 Speaker 1: how it's being sold. Trying to insulate myself from itself. 310 00:13:59,640 --> 00:14:01,280 Speaker 1: But either way, this could be a great option for 311 00:14:01,280 --> 00:14:03,880 Speaker 1: folks who are looking for an Apple phone, but you're 312 00:14:03,920 --> 00:14:05,400 Speaker 1: looking to not necessarily break the bank. 313 00:14:05,520 --> 00:14:08,120 Speaker 2: Yeah, I mean, I wish that they offered a substantial 314 00:14:08,120 --> 00:14:12,000 Speaker 2: discount and had something more in the reasonably priced camp. 315 00:14:12,080 --> 00:14:13,960 Speaker 2: I feel like if you are the kind of person 316 00:14:14,240 --> 00:14:17,520 Speaker 2: who wants a solid phone for that's in the you know, 317 00:14:17,559 --> 00:14:19,680 Speaker 2: three to four hundred dollars range. You basically have to 318 00:14:19,720 --> 00:14:21,360 Speaker 2: go Android or you have to look to a much 319 00:14:21,400 --> 00:14:24,800 Speaker 2: older model of iPhone. There's nothing wrong with that. Yeah, 320 00:14:24,800 --> 00:14:26,720 Speaker 2: there's nothing wrong with buying used. I read and I 321 00:14:26,760 --> 00:14:29,560 Speaker 2: actually were specifically referbed by the way, folks. Yeah, I 322 00:14:29,560 --> 00:14:30,920 Speaker 2: don't we don't need to go back to this story. 323 00:14:31,000 --> 00:14:33,640 Speaker 2: Don't buy used on eBay because they're sellers out there 324 00:14:33,640 --> 00:14:36,400 Speaker 2: who are selling them new in box or that's what 325 00:14:36,440 --> 00:14:37,120 Speaker 2: they're saying. 326 00:14:36,920 --> 00:14:39,320 Speaker 1: That they are. But they've like shrink wrapped them after 327 00:14:39,360 --> 00:14:41,800 Speaker 1: the fat. Yeah, and they've got aftermarket like different spots 328 00:14:41,800 --> 00:14:43,840 Speaker 1: in there, and they're not water sealed, which is how 329 00:14:43,920 --> 00:14:46,120 Speaker 1: Kate's got messed up. Yeah, I would much rather buy 330 00:14:46,480 --> 00:14:49,600 Speaker 1: oh my gosh, totally would buy a referb from Apple though. Yeah. 331 00:14:49,920 --> 00:14:51,200 Speaker 2: I was just thinking though, when you look at the 332 00:14:51,200 --> 00:14:53,520 Speaker 2: specs of the sixteen, and I am no tech nerd, 333 00:14:53,520 --> 00:14:56,480 Speaker 2: I'm no Marcus Brownlee or whatever the guy on YouTube 334 00:14:56,480 --> 00:14:59,080 Speaker 2: who does it awesome reviews of the phones, I don't 335 00:14:59,120 --> 00:15:02,280 Speaker 2: have his skills, but I would probably look towards an 336 00:15:02,280 --> 00:15:04,800 Speaker 2: older model that comes with better features. But just because 337 00:15:04,800 --> 00:15:07,400 Speaker 2: it's older doesn't mean it's it's inferior, like the think 338 00:15:07,400 --> 00:15:09,760 Speaker 2: about that great phone man iPhone fourteen pro or something 339 00:15:09,760 --> 00:15:11,440 Speaker 2: like that. You're gonna get much better cameras, you're gonna 340 00:15:11,440 --> 00:15:12,920 Speaker 2: get the mag safe, and you're going to spend a 341 00:15:12,920 --> 00:15:15,400 Speaker 2: couple hundred bucks less than even just this going with 342 00:15:15,480 --> 00:15:18,240 Speaker 2: this newer iPhone sixteen E. So going back a couple 343 00:15:18,240 --> 00:15:20,720 Speaker 2: of models, but going a higher end version might save 344 00:15:20,760 --> 00:15:22,000 Speaker 2: you money and get you better. 345 00:15:21,800 --> 00:15:24,240 Speaker 1: Spect I mean, like honestly, ever since, like the iPhone 346 00:15:24,240 --> 00:15:26,760 Speaker 1: twelve or thirteen models, whenever they like for me, like 347 00:15:26,880 --> 00:15:29,680 Speaker 1: the broken screen, like that's the sign of an old, 348 00:15:30,160 --> 00:15:32,920 Speaker 1: janky phone, right, and once they move to that nicer 349 00:15:33,040 --> 00:15:35,960 Speaker 1: glass like from then on, we've only seen incremental upgrades 350 00:15:36,000 --> 00:15:39,360 Speaker 1: to the features and to the lenses of the cameras 351 00:15:39,360 --> 00:15:40,200 Speaker 1: and just all of that. 352 00:15:40,360 --> 00:15:43,960 Speaker 2: And of course, like even every new phone, the incremental 353 00:15:44,040 --> 00:15:46,600 Speaker 2: changes are, you know, they're almost non existent unless you 354 00:15:46,640 --> 00:15:48,280 Speaker 2: are one of the people who's like the opposite of 355 00:15:48,560 --> 00:15:50,720 Speaker 2: Matt and I and you're excited about the AI stuff. 356 00:15:51,280 --> 00:15:54,960 Speaker 1: Cool, we're not, but more power to you. Yeah, I mean, 357 00:15:55,000 --> 00:15:57,040 Speaker 1: I get it. It's because it's not even fair, I think, 358 00:15:57,080 --> 00:15:59,280 Speaker 1: to even call them phones, because they're like they are 359 00:15:59,320 --> 00:16:01,320 Speaker 1: so much more than that, like we when we use 360 00:16:01,360 --> 00:16:03,600 Speaker 1: them all the time. I get spending, all right, you 361 00:16:03,600 --> 00:16:05,840 Speaker 1: want to spend a couple hundred dollars more and this 362 00:16:05,920 --> 00:16:09,000 Speaker 1: is something you're you're gonna have and use to having 363 00:16:09,080 --> 00:16:12,760 Speaker 1: to hold col Like literally, people are on their phones sadly, 364 00:16:12,880 --> 00:16:14,600 Speaker 1: I mean constantly, you know, Like you just think about 365 00:16:14,600 --> 00:16:16,720 Speaker 1: how many times we reach for our phones, uh while 366 00:16:16,720 --> 00:16:19,720 Speaker 1: we're out. So I get the desire to want to 367 00:16:19,720 --> 00:16:21,160 Speaker 1: get something that's going to work for you, But I 368 00:16:21,160 --> 00:16:23,200 Speaker 1: think they're just our features that. 369 00:16:23,320 --> 00:16:25,840 Speaker 2: May not be necessary. Yeah, the latest and greatest features. 370 00:16:25,840 --> 00:16:28,880 Speaker 2: I think the key is always is to pay cash 371 00:16:28,960 --> 00:16:31,040 Speaker 2: for a phone that you can't afford. Oh, find a 372 00:16:31,040 --> 00:16:32,520 Speaker 2: price point and you're like, all right, I'm willing to 373 00:16:32,560 --> 00:16:35,800 Speaker 2: spend that when it's time, and to not get into 374 00:16:35,920 --> 00:16:38,280 Speaker 2: not to come to kind of the upgrade cycle madness 375 00:16:38,280 --> 00:16:40,480 Speaker 2: that a lot of the phone producers and and even 376 00:16:40,600 --> 00:16:44,720 Speaker 2: just the phone companies want us to get into. The 377 00:16:44,760 --> 00:16:47,120 Speaker 2: biggest carriers tend to incentivize that, Matt. They're like, oh, 378 00:16:47,120 --> 00:16:48,600 Speaker 2: you want to trade in your old phone, great, we'll 379 00:16:48,640 --> 00:16:49,680 Speaker 2: make it so easy on you. 380 00:16:50,160 --> 00:16:52,040 Speaker 1: And they charge any phone will give you two hundred 381 00:16:52,040 --> 00:16:54,440 Speaker 1: dollars off. Right. My daughter like Hevy actually was asking 382 00:16:54,440 --> 00:16:56,200 Speaker 1: me about that. She's like, how does that work? So, 383 00:16:56,440 --> 00:16:58,640 Speaker 1: like the marketing points we're getting to her because she 384 00:16:58,640 --> 00:17:00,400 Speaker 1: sees these ads and she's like that sounds awesome. 385 00:17:00,440 --> 00:17:00,680 Speaker 2: I know. 386 00:17:00,840 --> 00:17:02,880 Speaker 1: Yeah. I was like, she's like, how does that work? 387 00:17:02,960 --> 00:17:04,840 Speaker 1: Because I have an old, like a really old phone, 388 00:17:04,840 --> 00:17:06,240 Speaker 1: and there's no way that they would give me two 389 00:17:06,280 --> 00:17:09,520 Speaker 1: hundred dollars off the like actually they would if you 390 00:17:09,560 --> 00:17:12,399 Speaker 1: sign a two year contract and explained how the world works. 391 00:17:12,720 --> 00:17:15,120 Speaker 1: It's a good moment barking some. 392 00:17:16,960 --> 00:17:19,040 Speaker 2: Or and you know, the whole point is to get 393 00:17:19,040 --> 00:17:21,280 Speaker 2: to charge charge you then a higher monthly fee than 394 00:17:21,320 --> 00:17:23,240 Speaker 2: what you can get elsewhere. And if you pay and 395 00:17:23,280 --> 00:17:25,919 Speaker 2: you're locked in actual asking price for the phone, just 396 00:17:25,920 --> 00:17:27,920 Speaker 2: find something you can afford and then pay as little 397 00:17:27,920 --> 00:17:30,520 Speaker 2: as possible for cell phone service. That is the magic 398 00:17:31,080 --> 00:17:34,360 Speaker 2: equation to save the most money possible. We have a 399 00:17:34,480 --> 00:17:36,840 Speaker 2: review of US Mobile on the site because that's what 400 00:17:36,880 --> 00:17:38,480 Speaker 2: we've been using for the past what. 401 00:17:38,800 --> 00:17:39,639 Speaker 1: Five six months now. 402 00:17:39,680 --> 00:17:44,280 Speaker 2: Yeah, think it's been awesome and the price point is 403 00:17:44,440 --> 00:17:46,840 Speaker 2: incredibly good, and they just keep offering better and better 404 00:17:47,240 --> 00:17:49,760 Speaker 2: service too. Having joined up with multiple networks, like you 405 00:17:49,760 --> 00:17:51,560 Speaker 2: can kind of choose which network is best for you. 406 00:17:51,800 --> 00:17:54,520 Speaker 2: The price point is insanely good. They even have like 407 00:17:54,560 --> 00:17:56,280 Speaker 2: an eight dollars a month plan mat if you're kind 408 00:17:56,280 --> 00:17:57,560 Speaker 2: of a low to medium user. 409 00:17:57,840 --> 00:18:00,119 Speaker 1: That's sick. Like, I just haven't seen anything better than 410 00:18:00,160 --> 00:18:03,040 Speaker 1: that on the months. It sounds perfect for kids. Some 411 00:18:03,040 --> 00:18:05,320 Speaker 1: parents out there who are looking to have a device 412 00:18:05,359 --> 00:18:06,639 Speaker 1: for the kids when they go out, just to be 413 00:18:06,640 --> 00:18:08,040 Speaker 1: able to keep up with them. I think that's that 414 00:18:08,040 --> 00:18:09,359 Speaker 1: can be a smart move. Agreed. 415 00:18:09,840 --> 00:18:11,960 Speaker 2: We've got more to get to on the show, including 416 00:18:12,040 --> 00:18:15,640 Speaker 2: we'll talk about tariffs and also a couple of landmark 417 00:18:15,720 --> 00:18:18,639 Speaker 2: numbers reached in the investing world and what we can 418 00:18:18,680 --> 00:18:19,159 Speaker 2: learn from them. 419 00:18:19,160 --> 00:18:29,280 Speaker 1: We'll talk about that and more right after this. All right, buddy, 420 00:18:29,400 --> 00:18:32,080 Speaker 1: we are back from the break. It is now signed 421 00:18:32,160 --> 00:18:34,360 Speaker 1: for the Ludicrous headline of the Week, which is from 422 00:18:34,840 --> 00:18:39,760 Speaker 1: USA Today. Headline reads, can't find eggs? How renting chickens 423 00:18:40,040 --> 00:18:42,120 Speaker 1: can provide a solution right in your backyard? 424 00:18:42,720 --> 00:18:45,520 Speaker 2: Yeah, Joel, so I can see a lot of people saying, yeah, 425 00:18:45,520 --> 00:18:46,160 Speaker 2: that does sound good. 426 00:18:46,240 --> 00:18:48,080 Speaker 1: Slam dunk decisions. Of course, I'm going to do that. 427 00:18:48,119 --> 00:18:50,600 Speaker 1: We've touched on it on egg prices recently, I guess 428 00:18:50,640 --> 00:18:53,360 Speaker 1: last week or a couple weeks ago. They've been pretty tough 429 00:18:53,359 --> 00:18:56,000 Speaker 1: to stomach right now, They've doubled over the past couple 430 00:18:56,040 --> 00:18:59,320 Speaker 1: of years, and they aren't showing signs of slowing. Obviously, 431 00:18:59,320 --> 00:19:02,520 Speaker 1: the recent run up has because of the AVM bird flu. 432 00:19:03,080 --> 00:19:05,359 Speaker 1: But does that mean backyard chickens actually make more sense 433 00:19:05,400 --> 00:19:09,080 Speaker 1: these days? Well, probably not if you're renting them, as 434 00:19:09,359 --> 00:19:13,040 Speaker 1: USA Today suggests. The company they profiled is called rent 435 00:19:13,119 --> 00:19:16,440 Speaker 1: a Chicken. That's literally what it's called. It's amazing, And 436 00:19:16,560 --> 00:19:20,640 Speaker 1: you'll pay five hundred dollars for two chickens for six months. 437 00:19:20,720 --> 00:19:23,520 Speaker 1: That's pathetic. You do the math here, because you can. 438 00:19:24,000 --> 00:19:26,560 Speaker 1: You can expect to get something like a dozen eggs 439 00:19:26,600 --> 00:19:29,080 Speaker 1: a week from those chickens, which isn't enough for your family, 440 00:19:29,240 --> 00:19:31,240 Speaker 1: know that, no man. And like if you bought a 441 00:19:31,240 --> 00:19:33,760 Speaker 1: dozen eggs from the grocery store, even at current prices, 442 00:19:34,000 --> 00:19:36,960 Speaker 1: you'd pay only one hundred and thirty dollars for six 443 00:19:37,000 --> 00:19:41,280 Speaker 1: months worth of eggs. So yeah, don't it almost feels predatory, 444 00:19:41,440 --> 00:19:43,119 Speaker 1: you know, like it kind of makes me mad. It 445 00:19:43,119 --> 00:19:44,679 Speaker 1: makes me feel like the places that where you can 446 00:19:44,720 --> 00:19:47,800 Speaker 1: like rent rent to buy an appliance, you just don't 447 00:19:47,840 --> 00:19:51,080 Speaker 1: suspect that the that the cute, funny chickens that they'd 448 00:19:51,119 --> 00:19:53,000 Speaker 1: be taking advantage of you, but in fact they well 449 00:19:53,000 --> 00:19:53,639 Speaker 1: it's not the chickens. 450 00:19:53,720 --> 00:19:55,800 Speaker 2: Well, I don't think they're taking advantage. I just think 451 00:19:55,800 --> 00:19:58,199 Speaker 2: the business model it has to cost them that much 452 00:19:58,200 --> 00:19:59,600 Speaker 2: because then they got to take the chickens back, and 453 00:19:59,640 --> 00:20:01,000 Speaker 2: maybe they coop too. 454 00:20:01,040 --> 00:20:01,439 Speaker 1: I don't know. 455 00:20:01,480 --> 00:20:03,439 Speaker 2: It seems insane, but I would rather people go out 456 00:20:03,480 --> 00:20:05,760 Speaker 2: there get their own coop, go to tractor supply or 457 00:20:05,760 --> 00:20:07,960 Speaker 2: whatever and get their own chickens from a place like 458 00:20:08,000 --> 00:20:10,640 Speaker 2: tractor supply as well, or you can mail order chickens. 459 00:20:10,680 --> 00:20:13,120 Speaker 2: I mean it's very different than mail order brides, Matt, 460 00:20:13,600 --> 00:20:17,960 Speaker 2: but but get get your own actual chickens. We've had 461 00:20:18,040 --> 00:20:21,359 Speaker 2: backyard chickens. They are also frail, I will say that. 462 00:20:21,800 --> 00:20:23,960 Speaker 2: So we had a couple of them die. A coyote 463 00:20:24,000 --> 00:20:26,080 Speaker 2: picked one off. We also might not be the or 464 00:20:26,080 --> 00:20:29,000 Speaker 2: not coyote. Yeah, I guess the coyote. We might not 465 00:20:29,000 --> 00:20:31,159 Speaker 2: be the best chicken order teeth Yeah, we miss them 466 00:20:31,240 --> 00:20:33,920 Speaker 2: right now. Well, high egg prices, yeah, get your own, 467 00:20:34,040 --> 00:20:34,720 Speaker 2: don't rent them. 468 00:20:35,000 --> 00:20:38,000 Speaker 1: The thing is too it's not a slam dunk from 469 00:20:38,000 --> 00:20:40,960 Speaker 1: a financial standpoint either, like it is a lifestyle choice 470 00:20:41,000 --> 00:20:42,679 Speaker 1: because like, you know what it makes me think of 471 00:20:42,680 --> 00:20:44,440 Speaker 1: It makes me think of rental properties. It makes me 472 00:20:44,480 --> 00:20:46,399 Speaker 1: think of real estate because folks will hear that you 473 00:20:46,400 --> 00:20:48,160 Speaker 1: have chickens and you're like, oh my gosh, you get 474 00:20:48,160 --> 00:20:50,639 Speaker 1: free eggs. Oh, it's like a it's like a. I 475 00:20:50,680 --> 00:20:53,000 Speaker 1: don't know, it's like sunshine. It's just it happens without fail. No, 476 00:20:53,080 --> 00:20:54,840 Speaker 1: it's not quite like you got to feed them, take 477 00:20:54,880 --> 00:20:56,320 Speaker 1: care of them. You got to clean the coop, you 478 00:20:56,359 --> 00:20:58,639 Speaker 1: gotta get the you know, you gotta go and buy 479 00:20:58,680 --> 00:21:00,480 Speaker 1: the heavy sacks of food. You got to make sure 480 00:21:00,480 --> 00:21:02,280 Speaker 1: that they're taken care of. If they get egg bound, 481 00:21:02,320 --> 00:21:04,560 Speaker 1: you got to make sure that, you know, the egg 482 00:21:04,560 --> 00:21:07,280 Speaker 1: doesn't get stay stuck in us part there's all these 483 00:21:07,280 --> 00:21:10,600 Speaker 1: other things. It truly is like a part time job. 484 00:21:10,640 --> 00:21:13,760 Speaker 1: And they sort of like rental real estate where it's like, yeah, 485 00:21:13,800 --> 00:21:16,960 Speaker 1: they got a nice monthly cashul here, but it takes 486 00:21:16,960 --> 00:21:19,479 Speaker 1: some work in the same way. Well, it's actually not 487 00:21:19,560 --> 00:21:23,040 Speaker 1: as good, like there's much more financial value that's being 488 00:21:23,040 --> 00:21:25,720 Speaker 1: accrued with a rental property. But it's again it's a 489 00:21:25,760 --> 00:21:29,280 Speaker 1: lifestyle choice. And if you want the absolute freshest of eggs, 490 00:21:29,640 --> 00:21:32,160 Speaker 1: then you can't beat it. We had chickens for years 491 00:21:32,160 --> 00:21:34,480 Speaker 1: back then. Are way tastier than what you My gosh, 492 00:21:34,600 --> 00:21:37,960 Speaker 1: the ability to gather some eggs that morning, make some 493 00:21:38,080 --> 00:21:41,960 Speaker 1: omelets or you know, some eggs, that's unbeatable, but it's 494 00:21:42,000 --> 00:21:44,000 Speaker 1: not a way to beat inflation. 495 00:21:44,160 --> 00:21:47,359 Speaker 2: Agreed, Yeah, are speaking of what we eat, Matt. I 496 00:21:47,400 --> 00:21:50,200 Speaker 2: thought this was really interesting story I saw in Fast Company. 497 00:21:50,320 --> 00:21:52,440 Speaker 2: The longer you sit in traffic, the more fast food 498 00:21:52,480 --> 00:21:55,800 Speaker 2: you're likely to consume. And it kind of makes sense. Actually, 499 00:21:56,200 --> 00:21:57,919 Speaker 2: you got that too hour commute. You're like, I might 500 00:21:57,960 --> 00:21:59,920 Speaker 2: as want to get a bite while I'm on the road. 501 00:22:00,359 --> 00:22:03,080 Speaker 2: So maybe it's not the red dye number eighty two 502 00:22:03,160 --> 00:22:04,800 Speaker 2: or whatever it is it's killing us. It's it's our 503 00:22:04,800 --> 00:22:08,399 Speaker 2: commutee twenty four something like four. And we suggested this 504 00:22:08,440 --> 00:22:10,359 Speaker 2: early on in one of the first episodes of How 505 00:22:10,400 --> 00:22:12,399 Speaker 2: to Money. We called it like, your commute is killing you. 506 00:22:13,440 --> 00:22:15,720 Speaker 2: And not only are those long commutes bad for you 507 00:22:15,760 --> 00:22:18,359 Speaker 2: mentally and physically, they're bad for air quality, and not 508 00:22:18,480 --> 00:22:20,160 Speaker 2: only do they waste a big chunk of your day, 509 00:22:20,400 --> 00:22:22,520 Speaker 2: but you're also more likely to stop and grab fast 510 00:22:22,520 --> 00:22:25,960 Speaker 2: food because of how tortures your commute is. And these 511 00:22:26,000 --> 00:22:28,879 Speaker 2: are new results from the Journal of Urban Economics that 512 00:22:28,920 --> 00:22:31,640 Speaker 2: found that for every thirty second increase in traffic delay 513 00:22:31,720 --> 00:22:34,639 Speaker 2: per mile traveled, there was a one percent increase in 514 00:22:34,760 --> 00:22:38,280 Speaker 2: visits to fast food restaurants. So your commute thirty seconder 515 00:22:38,440 --> 00:22:42,240 Speaker 2: there's a backup or you're just like, hey, my normal 516 00:22:42,240 --> 00:22:44,920 Speaker 2: commute is an hour. Like, the longer your commute is, 517 00:22:44,960 --> 00:22:46,439 Speaker 2: the more likely you are to pull off in. 518 00:22:46,440 --> 00:22:48,960 Speaker 1: Your additional time. So minute one minute is a two 519 00:22:48,960 --> 00:22:51,600 Speaker 1: percent increase, So like a ten minute delay, then you're 520 00:22:51,640 --> 00:22:54,640 Speaker 1: twenty percent more likely. Yeah, that adds up pretty quick. 521 00:22:54,720 --> 00:22:56,720 Speaker 2: Right, So there's an extra wreck on your way home, 522 00:22:56,720 --> 00:22:59,040 Speaker 2: and you're like, all right, I'm guess percent. 523 00:22:58,840 --> 00:23:01,240 Speaker 1: More likely to swing in and get some terrible you know, 524 00:23:01,440 --> 00:23:02,520 Speaker 1: for you fast food. 525 00:23:02,560 --> 00:23:05,800 Speaker 2: And it's also expensive, right, So I guess my suggestion is, 526 00:23:05,840 --> 00:23:08,280 Speaker 2: if you have a long commute that you can't eradicate, 527 00:23:08,600 --> 00:23:11,280 Speaker 2: or there are you know, accidents that happen regularly that 528 00:23:11,440 --> 00:23:14,040 Speaker 2: extend the time of your commute, pack some stacks in 529 00:23:14,080 --> 00:23:17,240 Speaker 2: your car. Yeah right, My homemade builtong recipe is. 530 00:23:17,280 --> 00:23:19,000 Speaker 1: Up in the talked about that last rada. 531 00:23:19,040 --> 00:23:21,240 Speaker 2: That's right, put that on, or like, you know, bring 532 00:23:21,320 --> 00:23:23,480 Speaker 2: some pistachios or some I don't know, I. 533 00:23:23,480 --> 00:23:25,440 Speaker 1: Don't bring pistachias. What a mess? What's wrong? 534 00:23:25,960 --> 00:23:28,640 Speaker 2: Well, because like get the pre shelled ones that costcos. 535 00:23:28,880 --> 00:23:31,800 Speaker 1: Oh yeah, I've still got like flashbacks over the break 536 00:23:32,080 --> 00:23:34,280 Speaker 1: we Yeah West, he was in the back and he 537 00:23:34,440 --> 00:23:37,080 Speaker 1: was like shell at his pistaschs and there's like shells. 538 00:23:37,200 --> 00:23:39,520 Speaker 1: What it's like the most it's the messiest food. I 539 00:23:39,520 --> 00:23:42,040 Speaker 1: can't think like a parenting issue. I can't think think 540 00:23:42,080 --> 00:23:45,280 Speaker 1: that would be messier than eating pistachios builtong sure, or 541 00:23:45,320 --> 00:23:48,080 Speaker 1: like a chewy granola bar, you know, like something that's 542 00:23:48,359 --> 00:23:51,199 Speaker 1: but not the nature's valley crumbly one. Yeah, I'm just 543 00:23:51,200 --> 00:23:53,080 Speaker 1: trying to minimize the mess in the car, guys. I'm 544 00:23:53,080 --> 00:23:54,520 Speaker 1: trying to help all of y'all listeners out. 545 00:23:54,600 --> 00:23:56,359 Speaker 2: Yeah, you don't want to eat the messy stuff, but 546 00:23:56,880 --> 00:23:59,640 Speaker 2: plan to have something on hand, and maybe that will 547 00:23:59,680 --> 00:24:03,920 Speaker 2: say if your commute time gets a little longer, trying 548 00:24:03,920 --> 00:24:06,720 Speaker 2: to commute less in general is gonna be good for 549 00:24:06,760 --> 00:24:09,080 Speaker 2: your life. But if you have to commute your job's 550 00:24:09,119 --> 00:24:11,359 Speaker 2: awesome and you live a little bit further away, just 551 00:24:11,359 --> 00:24:14,000 Speaker 2: have those snacks on hands so you can avoid the these. 552 00:24:14,600 --> 00:24:17,560 Speaker 1: Fries associated it with a longer commute. I totally agree, 553 00:24:17,560 --> 00:24:19,240 Speaker 1: and I'm by the way, dude, I'm gonna do the 554 00:24:19,240 --> 00:24:22,040 Speaker 1: beltong thing. I'm totally convinced and have some of the 555 00:24:22,080 --> 00:24:23,560 Speaker 1: fridge right now if you want to know, well, I'm 556 00:24:23,560 --> 00:24:24,679 Speaker 1: not want to make my own because I want to 557 00:24:24,680 --> 00:24:27,159 Speaker 1: feed it to the kids because like, so, you know 558 00:24:27,160 --> 00:24:30,280 Speaker 1: how much lunches lunches at our school, they're almost like 559 00:24:30,320 --> 00:24:33,399 Speaker 1: five dollars a lunch. It's really expensive. And so because 560 00:24:33,400 --> 00:24:35,760 Speaker 1: of that, we pack their own lunches, which means we 561 00:24:35,840 --> 00:24:40,320 Speaker 1: got fresh fruit, veggies, nuts, pre shelled pistachios. Actually, I 562 00:24:40,320 --> 00:24:42,679 Speaker 1: don't care if they make them as a school, but 563 00:24:42,760 --> 00:24:44,800 Speaker 1: typically when it comes to the meat that we're including, 564 00:24:44,840 --> 00:24:48,960 Speaker 1: it's a highly processed Deli sliced sausage or like pepperoni, 565 00:24:49,000 --> 00:24:51,920 Speaker 1: you know, like thick pepperonis or whatever, which man, they're 566 00:24:51,960 --> 00:24:55,520 Speaker 1: like pumped full of preservatives and stuff like that, and 567 00:24:55,520 --> 00:24:57,680 Speaker 1: I'm like, man, if I can get some big old 568 00:24:57,680 --> 00:25:01,440 Speaker 1: cut of meat on sale marinane, it dry that thing 569 00:25:01,440 --> 00:25:03,480 Speaker 1: out and build the ability to throw that in there 570 00:25:03,520 --> 00:25:06,480 Speaker 1: for them. I'm really I will report back once I 571 00:25:06,560 --> 00:25:08,760 Speaker 1: do this, because I want to calculate the difference in 572 00:25:08,840 --> 00:25:12,960 Speaker 1: the cost program of protein versus what they're getting out 573 00:25:12,960 --> 00:25:15,119 Speaker 1: of the Pepperoni's in a bag that we you know, 574 00:25:15,160 --> 00:25:16,760 Speaker 1: where we throw like ten of them in their in 575 00:25:16,760 --> 00:25:17,200 Speaker 1: their lunches. 576 00:25:17,240 --> 00:25:19,400 Speaker 2: That's also just a yeah, like a highly superior form 577 00:25:19,400 --> 00:25:19,840 Speaker 2: of protest. 578 00:25:20,000 --> 00:25:22,280 Speaker 1: It's higher quality, and I'm hoping that if the price 579 00:25:22,359 --> 00:25:25,359 Speaker 1: is close to what we're paying for like low quality stuff, 580 00:25:25,400 --> 00:25:27,719 Speaker 1: that it's totally going to be worthy. I agreed. 581 00:25:28,040 --> 00:25:30,119 Speaker 2: Let's talk to teriffs for a second, Matt. President Trump 582 00:25:30,119 --> 00:25:35,760 Speaker 2: has discussed implementing reciprocal tariffs, basically charging other countries what 583 00:25:35,800 --> 00:25:38,840 Speaker 2: they charge us for importing goods. So say, like, wait, 584 00:25:39,119 --> 00:25:43,480 Speaker 2: you're charging fifteen percent on imports of this and such thing, 585 00:25:43,760 --> 00:25:45,320 Speaker 2: We're just going to do the same thing to you. 586 00:25:45,320 --> 00:25:47,360 Speaker 2: We're going to slap it on reciprocally. We're not even 587 00:25:47,440 --> 00:25:49,879 Speaker 2: necessarily formulating our own policy. We're just kind of going 588 00:25:49,920 --> 00:25:53,920 Speaker 2: with the exact policy that other countries have set for us. 589 00:25:54,280 --> 00:25:56,080 Speaker 2: You and I we don't really like tariffs at all. 590 00:25:56,119 --> 00:25:58,800 Speaker 2: So we're not fans of a reciprocal tariff policy because 591 00:25:58,800 --> 00:26:01,359 Speaker 2: it just means more terroist, and we hope that it 592 00:26:01,359 --> 00:26:04,200 Speaker 2: doesn't come to pass. Also, something that we're big fans 593 00:26:04,200 --> 00:26:07,520 Speaker 2: of is craft beer, which would get crushed and seems 594 00:26:07,560 --> 00:26:09,919 Speaker 2: to be maybe getting crushed by some recent tariffs that 595 00:26:09,920 --> 00:26:13,000 Speaker 2: were implemented that industry. It's already in a tough spot. 596 00:26:13,320 --> 00:26:16,439 Speaker 2: Craft beer, it's not as popular as it was a 597 00:26:16,480 --> 00:26:19,840 Speaker 2: few years back. But steel and aluminum terraffs in particular 598 00:26:19,880 --> 00:26:24,160 Speaker 2: would make brewing equipment and beer cans more expensive. Breweries 599 00:26:24,160 --> 00:26:26,200 Speaker 2: then are going to pass those costs on to consumers, 600 00:26:26,720 --> 00:26:28,600 Speaker 2: and they have to or else they have to find 601 00:26:28,600 --> 00:26:29,560 Speaker 2: domestic suppliers. 602 00:26:29,880 --> 00:26:31,480 Speaker 1: Craft beer is already not cheap. 603 00:26:31,520 --> 00:26:33,840 Speaker 2: Think about that four pack of your favorite ipa, what 604 00:26:33,920 --> 00:26:35,879 Speaker 2: it costs now compared to what it costs ten years ago, 605 00:26:36,160 --> 00:26:38,680 Speaker 2: And yeah, some of them, it's just quality has gotten better. 606 00:26:38,760 --> 00:26:41,480 Speaker 2: Those IPAs have gotten incredible. They're putting more hops into it. 607 00:26:41,560 --> 00:26:43,280 Speaker 2: But if the cans and the brewing equipment get more 608 00:26:43,280 --> 00:26:46,680 Speaker 2: expensive too, all the hops. Yeah, I mean, those delicious, 609 00:26:46,680 --> 00:26:49,040 Speaker 2: hoppy IPAs are going to go from twenty bucks of 610 00:26:49,080 --> 00:26:51,760 Speaker 2: four pack to like twenty four to twenty five pretty quick. 611 00:26:51,840 --> 00:26:54,000 Speaker 1: A lot of aluminum, a lot of stainless stel involved 612 00:26:54,040 --> 00:26:56,800 Speaker 1: with making beer. It's also important to note that companies, 613 00:26:56,800 --> 00:27:00,520 Speaker 1: they don't tend to just take tariffs lying down. They pivot, 614 00:27:00,840 --> 00:27:05,119 Speaker 1: they innovate. So like coke, Well, they might trend towards 615 00:27:05,200 --> 00:27:08,240 Speaker 1: using even more plastic bottles because of this. And again 616 00:27:08,280 --> 00:27:09,959 Speaker 1: it's not that terrists are good. It's not that they're 617 00:27:10,000 --> 00:27:12,919 Speaker 1: stimulating growth or anything. But like we talked about with 618 00:27:13,040 --> 00:27:16,520 Speaker 1: Noah Smith last week, the economist, businesses will figure out 619 00:27:16,880 --> 00:27:19,960 Speaker 1: different ingenious ways to keep the costs down in order 620 00:27:20,040 --> 00:27:23,280 Speaker 1: to remain competitive. Eventually that you know this will happen. 621 00:27:23,480 --> 00:27:25,720 Speaker 1: So going back to coke, you know, it could mean 622 00:27:26,280 --> 00:27:28,760 Speaker 1: let's say, fewer twelve packs of cans, and maybe it 623 00:27:28,760 --> 00:27:32,600 Speaker 1: could just mean more six packs of plastic bottles. Maybe 624 00:27:32,640 --> 00:27:35,040 Speaker 1: I don't know, maybe even a larger format. Is there 625 00:27:35,040 --> 00:27:38,320 Speaker 1: a four leader? Have you ever heard of our two leader? 626 00:27:38,359 --> 00:27:40,119 Speaker 1: And three leaders? Even the thing anymore? I remember as 627 00:27:40,160 --> 00:27:42,240 Speaker 1: a kid here are I don't think like no, three 628 00:27:42,320 --> 00:27:45,560 Speaker 1: leaders will always drink cokes out of you know, in 629 00:27:45,560 --> 00:27:47,919 Speaker 1: the two leaders like that was the cheapest price per liquid? 630 00:27:47,920 --> 00:27:49,840 Speaker 1: Ounce right, I guess so, But we just don't. We 631 00:27:49,840 --> 00:27:51,840 Speaker 1: don't drink a whole lot of soda at our house anyway. 632 00:27:52,080 --> 00:27:53,920 Speaker 1: But while we're talking about terraces, they could also make 633 00:27:54,000 --> 00:27:57,840 Speaker 1: car insurance more expensive as well. How well, if car 634 00:27:57,920 --> 00:28:00,560 Speaker 1: parts go up in price, which let's see car parts 635 00:28:00,560 --> 00:28:03,200 Speaker 1: tend to be made of all sorts of metals and 636 00:28:03,240 --> 00:28:04,399 Speaker 1: things that are produced in other countries. 637 00:28:04,480 --> 00:28:06,639 Speaker 2: Yeah, they're going back and forth across the border constantly. 638 00:28:06,760 --> 00:28:09,359 Speaker 1: Repair bills are going to increase in costs as well, 639 00:28:09,400 --> 00:28:11,280 Speaker 1: and then insurers are going to have to raise rates 640 00:28:11,320 --> 00:28:13,720 Speaker 1: in order to keep up. So this is just just 641 00:28:13,720 --> 00:28:17,760 Speaker 1: another small example that terrifts impact everything. Basically, if you're 642 00:28:17,800 --> 00:28:19,800 Speaker 1: looking to get prices to come down, I feel like 643 00:28:20,119 --> 00:28:23,159 Speaker 1: implementing terifts. They're kind of the antithesis of what it 644 00:28:23,240 --> 00:28:23,679 Speaker 1: is that. 645 00:28:23,600 --> 00:28:25,800 Speaker 2: We should be doing one hundred percent. And that brings 646 00:28:25,840 --> 00:28:27,800 Speaker 2: up the question, Matt, of how you can maybe hedge 647 00:28:27,800 --> 00:28:30,960 Speaker 2: against inflation. So will or won't the tariffs come to 648 00:28:30,960 --> 00:28:34,280 Speaker 2: the past in what form and how much? That's anybody's guess. 649 00:28:34,520 --> 00:28:38,920 Speaker 2: But the answer to hedging against inflation is actually kind 650 00:28:38,920 --> 00:28:42,600 Speaker 2: of simple. It's investing in the stock market. That's already 651 00:28:42,640 --> 00:28:44,000 Speaker 2: proven to be true. So in the heart of the 652 00:28:44,000 --> 00:28:46,800 Speaker 2: inflation crisis, which is twenty twenty one to twenty twenty two, 653 00:28:47,160 --> 00:28:49,920 Speaker 2: prices went up by more than twelve percent, pay rose 654 00:28:49,960 --> 00:28:53,520 Speaker 2: by less than nine percent, so almost everyone felt that pinch. 655 00:28:53,640 --> 00:28:58,120 Speaker 2: Although that has dynamic has shifted, but asset prices went 656 00:28:58,200 --> 00:29:02,280 Speaker 2: up significantly, and so did dividends, out pacing inflation. So 657 00:29:02,320 --> 00:29:06,600 Speaker 2: people who had stock market exposure in the heart of inflation, 658 00:29:06,720 --> 00:29:10,440 Speaker 2: not that it's gone away completely. The people who kept investing, 659 00:29:10,600 --> 00:29:14,080 Speaker 2: they found themselves getting richer even as the purchasing power 660 00:29:14,120 --> 00:29:16,880 Speaker 2: of their cash was going down at a faster clip. 661 00:29:17,240 --> 00:29:19,560 Speaker 2: That's just another reason that we would say, and it's 662 00:29:19,640 --> 00:29:23,560 Speaker 2: Nick Madulie's line, just keep buying, because if you're like, ah, inflation, 663 00:29:24,360 --> 00:29:26,120 Speaker 2: how do I make sure I don't get slammed super 664 00:29:26,160 --> 00:29:28,400 Speaker 2: hard by it? Well, one, get your money out of 665 00:29:28,480 --> 00:29:30,440 Speaker 2: the big banks where they pay point zero one percent 666 00:29:30,480 --> 00:29:33,040 Speaker 2: and go with a high old savings account with one 667 00:29:33,040 --> 00:29:35,600 Speaker 2: of our favorite banks. But on top of that, make 668 00:29:35,640 --> 00:29:39,880 Speaker 2: sure you're investing. You're getting exposure to companies who are 669 00:29:39,880 --> 00:29:42,959 Speaker 2: providing goods and services that we all use. Because if 670 00:29:43,000 --> 00:29:45,440 Speaker 2: you're investing in those companies, that's a sure fire away 671 00:29:45,520 --> 00:29:49,480 Speaker 2: to kind of build your wealth that helps to combat inflation. 672 00:29:49,720 --> 00:29:52,240 Speaker 1: Heck yeah, Okay, So while we're talking about investing, most 673 00:29:52,280 --> 00:29:55,920 Speaker 1: Americans now have access to a workplace retirement account, and 674 00:29:56,000 --> 00:29:58,920 Speaker 1: we've just crossed an important threshold where over fifty percent 675 00:29:58,960 --> 00:30:01,840 Speaker 1: of Americans are now using a four to win K 676 00:30:02,400 --> 00:30:06,120 Speaker 1: to invest for the future, with more plans automatically enrolling 677 00:30:06,120 --> 00:30:09,800 Speaker 1: workers into making contributions. The This is encouraging because the 678 00:30:09,840 --> 00:30:12,959 Speaker 1: future retirement reality it's starting to look a bit brighter 679 00:30:13,080 --> 00:30:15,960 Speaker 1: for the average person. And plus, there are a slew 680 00:30:16,040 --> 00:30:18,280 Speaker 1: of low cost providers out there who are helping small 681 00:30:18,320 --> 00:30:21,400 Speaker 1: businesses launch their own four win K plans as well 682 00:30:21,440 --> 00:30:23,760 Speaker 1: if you are someone who has started your own business. 683 00:30:23,800 --> 00:30:26,560 Speaker 1: So this is all great news, man, because the pivot 684 00:30:26,960 --> 00:30:29,640 Speaker 1: uh from pensions to four to win ks, it hasn't 685 00:30:29,680 --> 00:30:32,200 Speaker 1: always been easy, but this is great news as more 686 00:30:32,200 --> 00:30:36,440 Speaker 1: folks are taking more personal responsibility, like the onus. It 687 00:30:36,480 --> 00:30:38,640 Speaker 1: has been on us for a while to be able 688 00:30:38,680 --> 00:30:42,160 Speaker 1: to secure a comfortable future, but there was a gap 689 00:30:42,200 --> 00:30:43,720 Speaker 1: between the folks who were doing it and the folks 690 00:30:43,720 --> 00:30:45,440 Speaker 1: who needed to do it. In that gap, it seems 691 00:30:45,480 --> 00:30:48,160 Speaker 1: like that that that gap is closing, which I love 692 00:30:48,240 --> 00:30:50,000 Speaker 1: to see it. Agreed. I mean, this is what we've 693 00:30:50,000 --> 00:30:51,800 Speaker 1: been talking about here on the show for years now. 694 00:30:51,880 --> 00:30:55,440 Speaker 2: Yeah, part of it's that Secure Act changes that kind 695 00:30:55,480 --> 00:31:00,840 Speaker 2: of made employers automatically enroll their employees. That's just increasing 696 00:31:00,880 --> 00:31:02,760 Speaker 2: the amount of people who are participating, which is great 697 00:31:03,160 --> 00:31:05,920 Speaker 2: and most average folks who are saving money for their future. 698 00:31:06,080 --> 00:31:08,320 Speaker 2: They've gotten the memo too that index funds are a 699 00:31:08,320 --> 00:31:10,440 Speaker 2: great way to go, which is something we've said for 700 00:31:10,480 --> 00:31:11,160 Speaker 2: a long time here. 701 00:31:11,440 --> 00:31:12,760 Speaker 1: You don't have to be a genius, and we've been 702 00:31:12,760 --> 00:31:14,160 Speaker 1: consistent about these two things. Guys. 703 00:31:14,280 --> 00:31:16,160 Speaker 2: Right, you barely have to pay attention. You just have 704 00:31:16,200 --> 00:31:17,840 Speaker 2: to kind of do the thing dollar cross average and 705 00:31:17,920 --> 00:31:21,000 Speaker 2: chill into index funds. And you know, there are different 706 00:31:21,040 --> 00:31:23,160 Speaker 2: index funds out there, Matt, and they are a variety 707 00:31:23,200 --> 00:31:26,120 Speaker 2: of ticker symbols for funds that are essentially the exact same. 708 00:31:26,160 --> 00:31:28,920 Speaker 2: So I think that can be confusing to people. They're 709 00:31:28,960 --> 00:31:34,160 Speaker 2: essentially all mirrors reflecting the same underlying investment options. Now, 710 00:31:34,520 --> 00:31:39,280 Speaker 2: Vanguard's vu voo has become the largest ETF in existence. 711 00:31:39,800 --> 00:31:44,000 Speaker 2: It just dethroned Spy for that honor, which is interesting 712 00:31:44,040 --> 00:31:46,680 Speaker 2: because these both are tracking the same exact index. 713 00:31:46,720 --> 00:31:49,480 Speaker 1: So they kick that spider to the curve man, right, 714 00:31:49,720 --> 00:31:52,360 Speaker 1: So I think they just had a branding leg up 715 00:31:52,520 --> 00:31:55,200 Speaker 1: like it was one of the earlier on s and 716 00:31:55,240 --> 00:31:57,800 Speaker 1: p five hundred ETFs that were out there, and because that, 717 00:31:57,840 --> 00:32:00,520 Speaker 1: it gained a lot of markets share initially, but well, 718 00:32:01,000 --> 00:32:02,400 Speaker 1: I got of want to give us all the credit, 719 00:32:02,440 --> 00:32:04,760 Speaker 1: but we've been waiving the VU flag for oh for 720 00:32:04,800 --> 00:32:05,600 Speaker 1: sure quite a while now. 721 00:32:05,720 --> 00:32:08,000 Speaker 2: Well, and when you look into the details, like both 722 00:32:08,000 --> 00:32:10,040 Speaker 2: of these funds track the S and P, but one 723 00:32:10,120 --> 00:32:12,280 Speaker 2: does it at a third of the cost, right, So 724 00:32:12,400 --> 00:32:13,720 Speaker 2: VU is the cheaper one. 725 00:32:13,720 --> 00:32:16,160 Speaker 1: Why would you pay point zero nine percent when you 726 00:32:16,160 --> 00:32:18,440 Speaker 1: could be paying point zero three percent. 727 00:32:18,160 --> 00:32:20,800 Speaker 2: For the literal exact same thing, And they're both those 728 00:32:20,880 --> 00:32:23,240 Speaker 2: those cost bases is are much smaller than like with 729 00:32:23,320 --> 00:32:25,800 Speaker 2: the average ETF charges, but still like, if you have 730 00:32:25,840 --> 00:32:27,760 Speaker 2: the choice and they're doing the same exact thing, I'll 731 00:32:27,800 --> 00:32:30,520 Speaker 2: choose the one that costs a third lesson. So yeah, 732 00:32:30,680 --> 00:32:33,920 Speaker 2: VU is like a no brainer option for people when 733 00:32:33,960 --> 00:32:36,440 Speaker 2: it comes to when people are like what fund should 734 00:32:36,440 --> 00:32:38,400 Speaker 2: I invest in? Matt and Joel, that's typically the first 735 00:32:38,400 --> 00:32:40,760 Speaker 2: thing at the tip of our tongues for the average 736 00:32:40,760 --> 00:32:42,760 Speaker 2: person who's in that wealth building phase of their life. 737 00:32:42,800 --> 00:32:45,960 Speaker 2: So congrats to Vanguard and VU. We've loved it for 738 00:32:46,000 --> 00:32:46,400 Speaker 2: a long. 739 00:32:46,240 --> 00:32:48,160 Speaker 1: Time, for a long long time. And actually so I 740 00:32:48,200 --> 00:32:50,720 Speaker 1: logged into my Vanguard account and it's like celebration to 741 00:32:50,880 --> 00:32:52,880 Speaker 1: be like, oh, yeah, that's right VU, and we know 742 00:32:52,960 --> 00:32:55,239 Speaker 1: what I realized, Like I've always said for years that 743 00:32:55,280 --> 00:32:57,600 Speaker 1: I'm like one hundred percent I'll in on VOO aside 744 00:32:57,600 --> 00:32:59,920 Speaker 1: from my five percent or less that I like to dabble. 745 00:33:00,080 --> 00:33:03,080 Speaker 1: Have you been lying, Crystal, I have been. I forgot that. 746 00:33:03,200 --> 00:33:05,560 Speaker 1: I so back in twenty two when the market tanked 747 00:33:05,560 --> 00:33:09,160 Speaker 1: a little bit, I harvested some losses and I sold 748 00:33:09,720 --> 00:33:12,320 Speaker 1: half of my VU and I bought VTI, which is 749 00:33:12,880 --> 00:33:16,640 Speaker 1: Vanguard's total market ETF, which is basically the same thing, 750 00:33:16,720 --> 00:33:18,560 Speaker 1: very very similar. I kind of want to get back 751 00:33:18,600 --> 00:33:22,120 Speaker 1: over to my first love to VU. What's the expens 752 00:33:22,200 --> 00:33:23,840 Speaker 1: rature on BT I has probably got to be the same. 753 00:33:23,840 --> 00:33:26,040 Speaker 1: It's the same thing, okay, I mean, and if you 754 00:33:26,080 --> 00:33:27,920 Speaker 1: track it, if you look at it, it's literally I mean, 755 00:33:27,920 --> 00:33:29,720 Speaker 1: it's the same movement. But it's the total stock market 756 00:33:29,760 --> 00:33:31,840 Speaker 1: as opposed to the S and P both are point 757 00:33:31,920 --> 00:33:35,000 Speaker 1: zero three percent. But that is a so like you 758 00:33:35,040 --> 00:33:37,160 Speaker 1: avoid the wash sale rule gives us a little excuse 759 00:33:37,200 --> 00:33:39,720 Speaker 1: to be able to talk about this. And if you 760 00:33:39,760 --> 00:33:41,960 Speaker 1: sell something, you can't rebuy the same things. It's got 761 00:33:41,960 --> 00:33:45,200 Speaker 1: to be materially different enough so that you don't get 762 00:33:45,240 --> 00:33:47,160 Speaker 1: hammered by the I, R S and so to. Where 763 00:33:47,200 --> 00:33:49,720 Speaker 1: As if you sold that and bought sp y. You's 764 00:33:49,760 --> 00:33:53,000 Speaker 1: this even though it's got a different brand name, it's 765 00:33:53,080 --> 00:33:54,760 Speaker 1: under the hood. It's the same thing, and so they 766 00:33:54,760 --> 00:33:57,600 Speaker 1: wanted to under the hood be something very different. And 767 00:33:57,640 --> 00:33:59,960 Speaker 1: so that's a way to be able to harvest some losses. 768 00:34:00,200 --> 00:34:02,960 Speaker 1: If you do have a bunch of you, consider something 769 00:34:03,040 --> 00:34:05,320 Speaker 1: like vt I or even vice versa. Next time the 770 00:34:05,360 --> 00:34:05,880 Speaker 1: market tanks. 771 00:34:05,880 --> 00:34:07,920 Speaker 2: There you go, all right, love it. That's gonna do it. 772 00:34:07,920 --> 00:34:10,280 Speaker 2: For this episode, we hope you all have a fantastic weekend. 773 00:34:10,680 --> 00:34:10,960 Speaker 1: Matt. 774 00:34:11,080 --> 00:34:14,799 Speaker 2: I'm so excited about well we get to experience tomorrow night. 775 00:34:15,480 --> 00:34:17,040 Speaker 2: I'll leave my phone in my pocket the whole time 776 00:34:17,040 --> 00:34:19,439 Speaker 2: while we watch my favorite bluegrass musician of all time, 777 00:34:19,840 --> 00:34:21,560 Speaker 2: probably just my favorite musician of all time. 778 00:34:21,600 --> 00:34:23,640 Speaker 1: Billy Strings. Baby. It's gonna be good. It's gonna be 779 00:34:23,680 --> 00:34:24,200 Speaker 1: good times. 780 00:34:24,360 --> 00:34:25,960 Speaker 2: So but yeah, we hope you all have a great 781 00:34:25,960 --> 00:34:28,080 Speaker 2: weekend and hope to see back here on Monday for 782 00:34:28,239 --> 00:34:32,359 Speaker 2: a new ask htm episode. Until next time, Best Friends Out, 783 00:34:32,440 --> 00:34:33,680 Speaker 2: Best Friends Out.